Parking Kft to receive HUF 2.5 bln compensation

BBJ

Wednesday, March 23, 2011, 17:05

Parking Kft will receive a nearly HUF 2.5 billion compensation from the Budapest municipality for its 2011 operation, the general assembly of the Budapest municipality decided on Wednesday. The company will be responsible for issuing entry permits in the 14 parking zones in restricted traffic areas and 11 parking zones in protected areas, including the parking area of Margit Island. Parking Kft’s income is estimated to be about HUF 2.4 billion this year, and will receive nearly the same amount in compensation from its owner Budapest municipality.

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